PX market went up in tandem with the crude oil market, prices rebounded slightly and the current price level in Asia stood at US $860/ton. PX goods received from Korean markets were traded in the range of $840-845/ton.
PTA spot market continued to remain firm and in the Chinese market, it fell below RMB 7000/ton and was mainly traded around RMB 6950/ton.
Imported PTA was offered at $850/ton for cargo imported from S E Asia but traded around $845/ton and PTA from Korean ports was traded around $837/ton.
In S E Asia, ethylene quotes were assessed in the range of $794-796/ton, while in N E Asia ethylene was assessed in the range of $845-847/ton.
The MEG market successfully recovered from the bottom of $690-695/ton and bounced to level of $705/ton. In Chinese domestic market, it was quoted at RMB 5800/ton.
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Fibre2fashion News Desk - India
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